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After demonetisation, fake currency worth Rs 11.23 cr detected in 29 states

A mobile app has been launched, which allows users to see features of new Rs 500 and Rs 2,000 notes

Press Trust of India  |  New Delhi 

currency, notes, demonetisation, Rupees, Rs, note ban, money

having face-value of over Rs 11.23 crore was detected in 29 states post demonetisation, the informed on Tuesday.

In a written reply to the Rajya Sabha, Minister also said that a mobile app has been recently launched by the Reserve which allows users to see the of new Rs 500 and Rs 2,000 notes.

The users can check the authenticity of the new notes using the app, which can be downloaded from the 'Play Store' in Android phones or 'App Store' in iPhones.

Citing data of National Crime Records Bureau (NCRB), the minister said that 1,57,797 number of Fake Indian Currency Notes (FICN), having face-value of over 11.23 crore has been detected in 29 states post until July 14.

In a surprise move, the had scrapped high currency notes from November 9, 2016 with an aim to check fake currency, terror financing and

Later, the Reserve issued new Rs 500 and also Rs 2,000 notes in (New) Series.

Jaitley also said banks are under instruction to display design and security of all the notes prominently at the branches for information of the public.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, July 18 2017. 14:32 IST